Choreo LLC Lowers Stock Holdings in Telephone and Data Systems, Inc. (NYSE:TDS)

Choreo LLC lowered its stake in Telephone and Data Systems, Inc. (NYSE:TDS) by 30.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,702 shares of the Wireless communications provider’s stock after selling 4,785 shares during the period. Choreo LLC’s holdings in Telephone and Data Systems were worth $364,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Independence Bank of Kentucky bought a new stake in Telephone and Data Systems during the 4th quarter valued at approximately $41,000. Quarry LP boosted its position in shares of Telephone and Data Systems by 35.5% in the 3rd quarter. Quarry LP now owns 2,643 shares of the Wireless communications provider’s stock worth $61,000 after purchasing an additional 692 shares in the last quarter. Versant Capital Management Inc boosted its position in shares of Telephone and Data Systems by 14.5% in the 4th quarter. Versant Capital Management Inc now owns 2,395 shares of the Wireless communications provider’s stock worth $82,000 after purchasing an additional 303 shares in the last quarter. CWM LLC raised its holdings in Telephone and Data Systems by 26.8% in the 3rd quarter. CWM LLC now owns 4,995 shares of the Wireless communications provider’s stock worth $116,000 after acquiring an additional 1,056 shares during the last quarter. Finally, KBC Group NV raised its holdings in Telephone and Data Systems by 70.6% in the 4th quarter. KBC Group NV now owns 4,853 shares of the Wireless communications provider’s stock worth $166,000 after acquiring an additional 2,008 shares during the last quarter. Hedge funds and other institutional investors own 80.00% of the company’s stock.

Telephone and Data Systems Stock Up 1.4 %

TDS opened at $37.96 on Thursday. The firm has a 50-day simple moving average of $34.81 and a two-hundred day simple moving average of $28.82. Telephone and Data Systems, Inc. has a 52 week low of $13.69 and a 52 week high of $38.30. The company has a market capitalization of $4.29 billion, a PE ratio of -7.03 and a beta of 0.80. The company has a quick ratio of 1.44, a current ratio of 1.59 and a debt-to-equity ratio of 0.85.

Telephone and Data Systems Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.42%. The ex-dividend date of this dividend was Monday, December 16th. Telephone and Data Systems’s dividend payout ratio is -2.96%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Raymond James upgraded shares of Telephone and Data Systems from a “market perform” rating to an “outperform” rating and set a $51.00 target price for the company in a research note on Thursday, November 7th. JPMorgan Chase & Co. boosted their price objective on shares of Telephone and Data Systems from $39.00 to $40.00 and gave the company an “overweight” rating in a research report on Monday, November 4th.

Telephone and Data Systems Company Profile

Telephone and Data Systems, Inc, a telecommunications company, provides communications services in the United States. It operates through two segments: UScellular and TDS Telecom. The company offers wireless solutions to consumers, and business and government customers, including a suite of connected Internet of things (IoT) solutions, and software applications for monitor and control, business automation/operations, communication, fleet and asset management, smart water solutions, private cellular networks and custom, and end-to-end IoT solutions; wireless priority services and quality priority and preemption options; smartphones and other handsets, tablets, wearables, mobile hotspots, fixed wireless home internet, and IoT devices; and accessories, such as cases, screen protectors, chargers, and memory cards, as well as consumer electronics, including audio, home automation and networking products.